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See how verdicts work2-bedroom flat · LE3 3RY
For saleListed 128 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Offered to the market with no onward chain, this stylish and contemporary apartment represents an excellent opportunity for first-time purchasers or buy-to-let investors, with a current rental income potential of approximately £950 per calendar month (7.6% gross yield).
The property enjoys spacious accommodation and a practical open-plan layout, all set within the popular Thorpe Astley area of Leicester.
Accommodation A welcoming entrance hall provides access to all rooms and includes a useful storage cupboard.
The impressive open-plan living area combines lounge, dining and kitchen space, creating a bright and sociable environment. Double patio doors allow plenty of natural light to flood the room.
The kitchen is fitted with a selection of modern wall and base units and incorporates an integrated oven, electric hob with extractor hood, a one-and-a-half bowl sink with mixer tap, and designated spaces for under-counter appliances.
The principal bedroom is a well-proportioned double room and benefits from its own en-suite shower room, complete with a shower enclosure, wash basin, WC and heated towel rail.
A second double bedroom offers versatile accommodation, suitable for guests, family members or use as a home office.
The main bathroom is fitted with a contemporary three-piece suite comprising a bath with tiled surrounds, wash basin, WC and a heated towel rail.
Externally, the property enjoys the use of an allocated parking space. We are advised that the property is leasehold, with 102 years remaining on the lease as of June 2026.
We are informed by the vendor that there is a service charge payable of £125 per annum, in addition to a service charge in the region of £1,800 per annum.
Location Positioned within the highly regarded Thorpe Astley district, the property enjoys convenient access to a range of everyday amenities.
Fosse Park retail and leisure facilities are nearby, while regular bus services provide connections to Leicester city centre.
Leicester railway station is approximately three miles away, and a variety of parks and green open spaces are within easy reach, offering opportunities for outdoor leisure and recreation.
EPC Rating: C
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 17 Spinney Close, Leicester
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